SKYC: short squeeze play.
1 mil float, Vi-Wes says shares short are 2 mil, November is all-time high for shorts.
Yesterday traded 1.5 mil, average has been about 4-500,000. Monthly chart looks good.
I don't have time to do a thorough DD in terms of making this a long-term hold, but am strictly calling this as a low float play for now.
SKYC, through its subsidiaries, provides nationwide wireless communications services, including data, dispatch, and voice services, primarily to business customers in the United States. For the 9 months ended 9/99, revenues rose 22% to $66.1M. Net loss before extraordinary item rose 27% to $139.4M. Results reflect the inclusion of revenues from ARDIS. Higher loss suffered from increased operating costs related to acquisitions and higher interest expenses.
Julie |
